10,746 Shares in Albertsons Companies, Inc. (NYSE:ACI) Acquired by DGS Capital Management LLC

DGS Capital Management LLC purchased a new position in Albertsons Companies, Inc. (NYSE:ACI) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 10,746 shares of the company’s stock, valued at approximately $199,000.

A number of other institutional investors have also added to or reduced their stakes in ACI. FMR LLC lifted its holdings in shares of Albertsons Companies by 88.1% in the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock worth $311,232,000 after buying an additional 7,887,688 shares in the last quarter. Parsifal Capital Management LP increased its holdings in Albertsons Companies by 22.8% in the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after acquiring an additional 1,585,899 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Albertsons Companies by 25.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock worth $114,033,000 after purchasing an additional 1,239,978 shares in the last quarter. Anson Funds Management LP boosted its holdings in shares of Albertsons Companies by 973.0% during the 3rd quarter. Anson Funds Management LP now owns 1,190,165 shares of the company’s stock valued at $21,994,000 after purchasing an additional 1,079,246 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Albertsons Companies by 38.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,426,264 shares of the company’s stock valued at $67,669,000 after purchasing an additional 956,744 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACI shares. Tigress Financial reaffirmed a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a report on Monday, October 21st. Bank of America initiated coverage on Albertsons Companies in a research note on Friday. They issued a “neutral” rating and a $22.00 price objective on the stock. Melius upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, October 21st. Royal Bank of Canada reduced their price target on shares of Albertsons Companies from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.09.

Albertsons Companies Trading Up 2.0 %

Shares of ACI opened at $19.50 on Friday. The company’s fifty day simple moving average is $18.87 and its 200-day simple moving average is $19.38. The company has a market cap of $11.30 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.07 and a beta of 0.51. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.47.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.47 billion. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. As a group, analysts expect that Albertsons Companies, Inc. will post 2.13 EPS for the current year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a $0.12 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.48 annualized dividend and a dividend yield of 2.46%. Albertsons Companies’s payout ratio is 28.07%.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.